Tenaya Capital

Venture Capital Active Palo Alto, United States Est. 1995
Last updated 2026-06-18
Portfolio
8
in our dataset
Rounds participated
18
Rounds led
2
Rounds' value
$559.9M
total disclosed, rounds participated
Stages
C Round, A Round, F Round, E Round, B Round, G Round, D Round

About

Tenaya Capital is an early growth technology focused venture capital fund. With $1.5 billion assets under management, Tenaya is an active enterprise and consumer technology investor that strives to partner with companies early in their journeys, typically at the Series B and Series C stage. Tenaya Capital generally invests in a venture-backed company's second or third institutional round, at a point when it has a product or service that's starting to generate market traction (though it considers early or later stage investments on a selective basis). Founded in 1995 as Lehman Brothers Venture Partners, Tenaya spun out to become an independent firm in 2009 following Lehman's bankruptcy. Tenaya Capital is currently investing from its seventh fund a $450 million vehicle raised in 2015. Tenaya Capital has offices in the San Francisco Bay Area and the Greater Boston Area.

Portfolio · 8

Investment activity

4 portfolio exits on record.

Portfolio by sector

Business Software4
Cyber Security2
Media & Entertainment Technologies1
Fintech & Insurtech1
Undisclosed1

Funds · 4

  • 7 — $450M Jan 2015
  • 6 — $372M Jul 2012
  • 5 — $365M Jan 2007
  • 4 — $300M Jan 2003

Q&A

What is Tenaya Capital's primary investment focus?
Tenaya Capital is an early growth technology-focused venture capital fund, primarily investing in enterprise and consumer technology companies, typically at the Series B and Series C stage.
When was Tenaya Capital founded and what is its origin?
Tenaya Capital was founded in 1995 as Lehman Brothers Venture Partners and spun out to become an independent firm in 2009.
What is the most recent fund raised by Tenaya Capital?
Tenaya Capital is currently investing from its seventh fund, a $450 million vehicle raised in January 2015.
Can you name some notable exits for Tenaya Capital?
Tenaya Capital has seen exits including the acquisition of Armis in January 2020 by Insight Partners, and Taykey in November 2017 by Innovid.
Which sectors does Tenaya Capital frequently invest in?
According to startupim data, Tenaya Capital frequently invests in Business Software and Cyber Security sectors.
Who are some of the partners at Tenaya Capital?
The partners at Tenaya Capital include Brian Paul, Stewart Gollmer, Tom Banahan, and Benjamin Boyer.
What is Tenaya Capital's typical investment stage?
Tenaya Capital generally invests in a venture-backed company's second or third institutional round, typically at the Series B and Series C stage, though it considers early or later stage investments selectively.
What are some of Tenaya Capital's portfolio companies?
Tenaya Capital's portfolio includes companies such as Fireblocks, an end-to-end security platform for transferring digital assets, and Salt Security, an API security platform.
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